Similar Search Results

How fears index and liquidity affect returns of ivol puzzle before and during the Covid-19 pandemic

Khoa Dang Duong; Man Minh Tran; Diep Van Nguyen; Hoa … - In: Cogent economics & finance 10 (2022) 1, pp. 1-17

This study examines the impacts of investor sentiment and liquidity on the idiosyncratic volatility (IVOL) anomaly … in Vietnam after controlling for FEARS sentiment index and liquidity proxies. Our findings document the persistence of … contribute new evidence of how the FEARS index and liquidity help explain the IVOL puzzle before and during the pandemic. Our …

Persistent link: https://www.econbiz.de/10013373164

On the stability of the money multiplier in Nigeria : co-integration analyses with regime shifts in banking system liquidity

Tule, K. Moses; Ajilore, O. Taiwo - In: Cogent economics & finance 4 (2016) 1, pp. 1-16

liquidity conditions in the domestic banking system in Nigeria. Within the context of this prognosis, the study tests the … ameliorate adverse liquidity conditions and the lingering effects of the global financial crises occasioned a structural break in …

Persistent link: https://www.econbiz.de/10011530617

Monetary policy effectiveness in the advent of mobile money activity : empirical evidence from Ghana

Wiafe, Emmanuel Agyapong; Quaidoo, Christopher; Sekyi, … - In: Cogent economics & finance 10 (2022) 1, pp. 1-15

Financial development impacts a country’s economic growth and development. Due to this, many nations have sought new ways to bring about financial sector development. For developing economies, innovations in the financial sector are a sure bet for the development of financial inclusion. Mobile...

Persistent link: https://www.econbiz.de/10013461840

Financial development and income inequality : a nonlinear econometric analysis of 21 African countries : 1990-2019

Zungu, Lindokuhle Talent; Greyling, Lorraine; Kaseeram, … - In: Cogent economics & finance 10 (2022) 1, pp. 1-20

From 1990 to 2019, this study examines the nonlinear dynamic impact of financial development on income inequality in an unconventional policy regime in a panel of 21 African countries. More importantly, we use Panel Smooth Transition Regression to extend the existing debate on this subject, with...

Persistent link: https://www.econbiz.de/10014500325

Asymmetric effect of monetary policy on Indian stock market sectors : do monetary policy stimulus transpire the same effect on all sectors?

Tomar, Kunwar Sanjay; Kesharwani, Subodh - In: Cogent economics & finance 10 (2022) 1, pp. 1-19

Most studies for the monetary policy effect on stock markets have concentrated on using the primary index to proxy the stock market. The present paper, avoiding “aggregation bias”, seeks to unbundle the effect of monetary policy on the stock market in two ways. First, the non-linear model is...

Persistent link: https://www.econbiz.de/10013464663

The effects of conventional and unconventional monetary policy on exchange rate volatility

Wei, Wan; Pozo, Susan - In: Cogent economics & finance 9 (2021) 1, pp. 1-19

This paper examines the impacts of U.S. conventional and unconventional monetary policy announcements on the volatility of six exchange rates, namely Australian dollar, British pound, Canadian dollar, Euro, Japanese yen, and Swiss franc against the U.S. dollar. Narrow windows around policy...

Persistent link: https://www.econbiz.de/10013184441

Economic policy uncertainty and corporate leverage : does cash holdings matter? : evidence from the U.S.

Jumah, Zahid; Younas, Zahid Irshad; Safdar, Nabeel; … - In: Cogent economics & finance 11 (2023) 1, pp. 1-28

This research study examines the mediating role of cash holdings between the economic policy uncertainty (EPU) and corporate leverage relationship. Using stepwise regression analysis and annual firm-level data of 2,534 U.S. firms listed at NYSE over 1995-2018, we provide novel evidence that cash...

Persistent link: https://www.econbiz.de/10014500896

Stock market and its liquidity : evidence from ARDL bound testing approach in the Indian context

Bhattacharya, Sharad Nath; Bhattacharya, Mousumi; Basu, … - In: Cogent economics & finance 7 (2019) 1, pp. 1-12

This paper attempts to capture the relationship between stock market movements and its endogenous liquidity measures … resiliency dimensions of market liquidity using suitable liquidity measures (proxies). Findings suggest that multidimensional … liquidity measures like the volume of trade, spread, market efficiency coefficient, turnover rate, trading probability, and the …

Persistent link: https://www.econbiz.de/10012023365

Stock liquidity and capital structure : international evidence

Đặng Tùng Lâm; Hai Ly Ho; Chi Dzung Lam; Thanh … - In: Cogent economics & finance 7 (2019) 1, pp. 1-20

effect of stock liquidity on corporate capital structure decision. We also analyze whether this effect varies according to … 2000-2010, the paper offers two key findings. First, firms with higher stock market liquidity tend to have lower leverage … stock market liquidity and leverage. These results are robust to different liquidity measurement and subsamples. …

Persistent link: https://www.econbiz.de/10012023386

Funding liquidity and bank lending

Tran, Dung Viet - In: Cogent economics & finance 8 (2020) 1, pp. 1-16

We investigate how funding liquidity affects the bank lending using a large sample of US bank holding companies. We … liquidity is larger in high-loan-growth banks. The negative effects of funding liquidity on lending seem to be clearer before … funding liquidity after the crisis period. We believe our study is of interest to regulators and policymakers. …

Persistent link: https://www.econbiz.de/10012219239